School District Approves Five-Year Oil and Gas Lease

Scope & details

The full contract record, as filed.

Contract amount

$10.00; initial Delay Rental Payment of $128,000.00; delay rental of $800.00 per net oil and gas acre per year; shut-in royalty $25.00 per net acre; gas storage rental $5.00 per acre; addendum shut-in royalty $50.00 per net acre per year; 18% royalty on gross proceeds

Contract type

OTHER

Contract term

Primary term of five (5) years from lease date in 2026, and so long thereafter as operations or production continue per lease provisions; initial delay rental period from 2026-XX-XX to 2027-XX-XX (one year)

Renewal

Primary term is five years from the 2026 lease date and continues beyond that term as long as operations or production in paying quantities, shut-in royalty payments, gas storage payments, or other specified conditions maintain the lease in force. Lease may be maintained by shut-in royalties within stated time and duration limits and can be extended through pooling, unitization, or compliance with other continuation clauses.

Document type

Agreement

Source document

Switzerland of Ohio Local School District Oil and Gas Lease Agreement 2026-07-27

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Switzerland of Ohio Local Schools?

Apex Energy Operating Iii Llc was awarded this government contract by Switzerland of Ohio Local Schools, as recorded on July 27, 2026. The contract value is $10.00; initial Delay Rental Payment of $128,000.00; delay rental of $800.00 per net oil and gas acre per year; shut-in royalty $25.00 per net acre; gas storage rental $5.00 per acre; addendum shut-in royalty $50.00 per net acre per year; 18% royalty on gross proceeds.

How much is the Apex Energy Operating Iii Llc contract with Switzerland of Ohio Local Schools worth?

The Apex Energy Operating Iii Llc contract with Switzerland of Ohio Local Schools is valued at $10.00; initial Delay Rental Payment of $128,000.00; delay rental of $800.00 per net oil and gas acre per year; shut-in royalty $25.00 per net acre; gas storage rental $5.00 per acre; addendum shut-in royalty $50.00 per net acre per year; 18% royalty on gross proceeds.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Switzerland of Ohio Local School District Oil and Gas Lease Agreement 2026-07-27 (Agreement), dated July 27, 2026 from Switzerland of Ohio Local Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Apex Energy Operating Iii Llc hold?

Apex Energy Operating Iii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Switzerland of Ohio Local Schools currently buying?

Explore Switzerland of Ohio Local Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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